FOMC Minutes Confirms “Forecasts Overstate Rate Rise Pace”
We have seen stocks and gold move upward after the FOMC minutes were released and the dollar fell. All because the consensus is that the Fed will remain more dovish than the mainstream thought. I think this will be the continuing trend, the Fed trying to blur the lines that would point to higher rates and a tighter monetary policy.
Here are the full FOMC minutes.
Click here for the break down from Zero Hedge.
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My shipment is coming in on Friday and then I will have the exact spelling.
Please remind me on Monday.
Best to you Franky!
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While gold was up only $3.40 (4pm et) I think it was a surprise based on the surprisingly dovish FOMC minutes. Gary, Doc and others have already been interviewed today. IMO the question for them tomorrow, regarding gold (as well as equities), is does this change anything regarding the short-to-medium term direction for gold. I think it is positive for equities and will help lead to new highs. Most are bullish on gold long-term. Tomorrow should be interesting…